COMAX vs. AAIZX
COMAX (DWS Digital Horizons Fund Class A) and AAIZX (Alger AI Enablers & Adopters Z) are both mutual funds - COMAX is a Technology Equities fund actively managed by DWS, while AAIZX is a Artificial Intelligence fund actively managed by Alger. Both are actively managed. Over the past year, COMAX returned 0.68% vs 34.60% for AAIZX. Their correlation of 0.86 means they have usually moved in the same direction. COMAX charges 1.25%/yr vs 0.55%/yr for AAIZX.
Performance
COMAX vs. AAIZX - Performance Comparison
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Returns By Period
In the year-to-date period, COMAX achieves a -1.10% return, which is significantly lower than AAIZX's 17.09% return.
COMAX
- 1D
- 2.67%
- 1M
- -3.43%
- 6M
- 0.92%
- YTD
- -1.10%
- 1Y
- 0.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.26%
AAIZX
- 1D
- 5.10%
- 1M
- -3.81%
- 6M
- 18.39%
- YTD
- 17.09%
- 1Y
- 34.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 40.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
COMAX vs. AAIZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COMAX DWS Digital Horizons Fund Class A | -1.10% | 16.79% | 21.78% |
AAIZX Alger AI Enablers & Adopters Z | 17.09% | 41.00% | 40.10% |
Correlation
The correlation between COMAX and AAIZX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2024 | 0.86 |
The correlation between COMAX and AAIZX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
COMAX vs. AAIZX — Risk / Return Rank
COMAX
AAIZX
COMAX vs. AAIZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Digital Horizons Fund Class A (COMAX) and Alger AI Enablers & Adopters Z (AAIZX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COMAX | AAIZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.22 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.90 | -1.93 |
| Martin ratioReturn relative to average drawdown | -0.07 | 5.35 | -5.42 |
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Drawdowns
COMAX vs. AAIZX - Drawdown Comparison
The maximum COMAX drawdown since its inception was -26.14%, smaller than the maximum AAIZX drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for COMAX and AAIZX.
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Drawdown Indicators
| COMAX | AAIZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -29.00% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -24.00% | -17.47% | -6.53% |
Current DrawdownCurrent decline from peak | -9.59% | -8.96% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -5.01% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.54% | 6.21% | +3.33% |
Volatility
COMAX vs. AAIZX - Volatility Comparison
The current volatility for DWS Digital Horizons Fund Class A (COMAX) is 6.15%, while Alger AI Enablers & Adopters Z (AAIZX) has a volatility of 9.40%. This indicates that COMAX experiences smaller price fluctuations and is considered to be less risky than AAIZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMAX | AAIZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 9.40% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 16.54% | 20.56% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.52% | 25.70% | -5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 28.06% | -6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.68% | 28.06% | -6.38% |
COMAX vs. AAIZX - Expense Ratio Comparison
COMAX has a 1.25% expense ratio, which is higher than AAIZX's 0.55% expense ratio.
Dividends
COMAX vs. AAIZX - Dividend Comparison
COMAX's dividend yield for the trailing twelve months is around 1.60%, less than AAIZX's 5.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAIZX Alger AI Enablers & Adopters Z | 5.39% | 6.31% | 4.44% |
COMAX DWS Digital Horizons Fund Class A | 1.60% | 53.65% | 0.00% |
Frequently Asked Questions
COMAX and AAIZX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAIZX has higher volatility (9.40%) compared to COMAX (6.15%). In terms of maximum drawdown, COMAX dropped -26.14% vs AAIZX's -29.00%.
AAIZX currently has the higher Sharpe Ratio (1.29 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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